EIA Sees Tighter 2016 Oil Market As Demand Accelerates
Total world supply is expected to rise to 95.98 million barrels a day (bbl/d) in 2016, 0.1% less than forecast last month.
Woodside Will Not Raise US$8.2 Billion Bid For Oil Search
Oil Search rejected proposed all-share offer from Australia's biggest oil and gas producer in September, saying offer undervalued LNG stake and gas exploration assets in Papua New Guinea, Reuters said.
Australia's Gladstone LNG Readies Cargo Delivery To Kogas
Early cargoes from Gladstone LNG will be sold on a spot basis until long-term delivery contracts for majority of output become effective after commissioning period, a Santos spokesman told Reuters.
Transerv Energy Hits Gas In Perth Basin's Warro Field
Transerv executive director Stephen Keenihan described the results as outstanding because they extended the known parameters of the gas at Warro, both at depth and laterally.
Market Participants: Shell’s Arrow Could Sell Gas To BG’s Queensland LNG Plant
Australian Competition and Consumer Commission said many market participants are concerned takeover might lead Shell's Arrow Energy to sell gas into BG's Queensland Curtis LNG plant for export, Reuters reported.
Entek Energy Provides Update On Niobrara Operations
The State 15-8 well was spudded Sept. 8 on the Battle Mountain, Wyo., area of mutual interest. The vertical test well targets formations below the Niobrara within interpreted structural closure.
Australia's Armour Rejects Hostile Takeover Offer
Armour is on the verge of undertaking two potentially company making transactions which the company expects will unlock the potential of its asset base and position in the Australian gas market.
APPEA Slams Western Australia's Labor Party On Fracking Stance
A ban on fracking by the Western Australia Labor Party would hold until it was shown that fracking doesn't compromise the environment, groundwater, public health or contribute adversely to climate change.
ExxonMobil, BHP Will Spend US$290 Million To Replace Australian Pipeline
ExxonMobil Corp and BHP Billiton will replace a 187 kilometer (116 mile) pipeline that transports crude oil and condensate between two of their sites in Australia's Victoria state, Reuters said.
Shale Could Drive Economic Growth In Australia's Northern Territory
The development of a shale gas industry in Australia's Northern Territory could drive significant long-term economic growth, creating thousands of new jobs and generating almost AU$1 billion of government revenue.